Certificateholders' Interest Distributable Amount definition

Certificateholders' Interest Distributable Amount means, for any Distribution Date, the sum of the Certificateholders' Monthly Interest Distributable Amount for such Distribution Date and the Certificateholders' Interest Carryover Shortfall for such Distribution Date.

Certificateholders' Interest Distributable Amount means, with respect to any Payment Date (the "current Payment Date") the sum of (a) interest accrued from and including the preceding Payment Date (or, in the case of the first Payment Date, the Closing Date) to but excluding the current Payment Date at the Pass-Through Rate on the Certificate Balance on the preceding Payment Date after giving effect to all changes therein on such preceding Payment Date, except that during the Funding Period no interest will accrue on the Pre-Funded Percentage of the Certificate Balance, plus (b) the Certificateholders' Interest Shortfall for the current Payment Date.

Certificateholders' Interest Distributable Amount. With respect to any Distribution Date, the sum of (i) the Certificateholders' Monthly Interest Distributable Amount for such Distribution Date, (ii) the Certificateholders' Interest Carryover Shortfall as of the close of the preceding Distribution Date and (iii) one month's interest at the Pass Through Rate on the sum of (a) any outstanding Noteholders' Principal Carryover Shortfall and (b) any outstanding Certificateholders' Principal Carryover Shortfall as of the close of business on the preceding Distribution Date.

Examples of Certificateholders' Interest Distributable Amount in a sentence

• Consequently, Certificateholders will have ordinary income equal to their allocable share of the Certificateholders' Interest Distributable Amount, the Issuer will have an equivalent deduction for United States federal income tax purposes and no amount of the gross income of the Issuer shall be allocable to the Certificateholders (and there will be no corresponding increase in Certificateholders' Capital Accounts (as defined herein) under Section 5.7).

• Consequently, Certificateholders will have ordinary income equal to their allocable share of the Certificateholders' Interest Distributable Amount, the Issuer will have an equivalent deduction for United States federal income tax purposes and no amount of the gross income of the Issuer shall be allocable to the Certificateholders (and there will be no corresponding increase in a Certificateholders's Capital Account (as defined herein) under Section 5.7).

• Consequently, Certificateholders will have ordinary income equal to their allocable share of the Certificateholders' Interest Distributable Amount, the Issuer will have an equivalent deduction for United States federal income tax purposes and no amount of the gross income of the Issuer shall be allocable to the Certificateholders (and there will be no corresponding increase in a Certificateholders's Capital Account under Section 5.7).

• The Appeal Review Committee will consist of one (1) current JPHD student and two (2) graduate faculty members.

• The reward of permanent employee can be in the form of salaries, various allowances, irregular income such as bonuses, honorarium for production services, gratuities etc.

More Definitions of Certificateholders' Interest Distributable Amount

Certificateholders' Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Certificateholders' Monthly Interest Distributable Amount for such Distribution Date and the Certificateholders' Interest Carryover Shortfall for such Distribution Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months for purposes of this definition.

Certificateholders' Interest Distributable Amount. With respect to any Distribution Date, the sum of the Certificateholders' Monthly Interest Distributable Amount for such Distribution Date and the Certificateholders' Interest Carryover Shortfall for such Distribution Date.

Certificateholders' Interest Distributable Amount consisting of one month's interest at the Pass Through Rate on the Certificate Balance as of the immediately preceding Distribution Date (after giving effect to distributions of principal made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, the Initial Certificate Balance. "Certificateholders' Principal Distributable Amount"

Certificateholders' Interest Distributable Amount means, with respect to any Payment Date (the "current Payment Date") the sum of (a) interest accrued from and including the preceding Payment Date (or, in the case of the first Payment Date, the Closing Date) to but excluding the current Payment Date at the Pass-Through Rate on the Certificate Balance on the preceding Payment Date after giving effect to all changes therein on such preceding Payment Date (or, in the case of the first Payment Date, on the Closing Date), except that during the Funding Period no interest will accrue on the Pre-Funded Percentage of the Certificate Balance plus (b) the Certificateholders' Interest Carryover Shortfall for the current Payment Date.

Certificateholders' Interest Distributable Amount means, with respect to any Monthly Payment Date, the sum of the Certificateholders' Monthly Interest Distributable Amount for such Monthly Payment Date and the Certificateholders' Interest Carryover Shortfall for such Monthly Payment Date. Interest with respect to the Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of the Transfer and Servicing Agreement and the other Basic Documents.

Certificateholders' Interest Distributable Amount shall have the meaning assigned to such term in the Sale and Servicing Agreement.

Certificateholders' Interest Distributable Amount. With respect to any Distribution Date and the Certificates, the sum of the Certificateholders' Monthly Interest Distributable Amount and the Certificateholders' Interest Carry-Forward Amount for such Distribution Date; provided however, that on the Distribution Date, if any, on which the Class Principal Balance of the Certificates is reduced to zero through application of an Allocable Loss Amount, the Certificateholders' Interest Distributable Amount shall be reduced by an amount equal to the portion, if any, of the Allocable Loss Amount that would be allocable to the Classes of Mezzanine Notes without giving effect to this proviso.